Financial structure directly affects an enterprise’s capital liquidity, financial soundness and its competitiveness in the market. And the rapid development of digital economy provides new development opportunities for enterprises to enhance productivity, optimize resource allocation, and promote sustainable growth through digital transformation. This paper explores the relationship between the development level of digital economy and the financial structure of enterprises through the method of multiple regression analysis. The sample of the study is 9,000 Chinese companies listed on the GEM between 2012 and 2014, and the data are obtained from Cathay Pacific and China Economic and Financial Database. The results of the study show that there is a significant positive correlation between the level of digital economy and corporate financial structure, and the regression analysis shows that the unstandardized regression coefficient of digital economy development is 0.111 and is significant at the 0.01 significance level. In addition, the return on total assets (ROA) also shows a positive correlation with financial structure, with a regression coefficient of 1.845 and a significance level of 0.000. R&D innovation investment has a weak positive correlation with financial structure, with a regression coefficient of 0.070 and a significance level of 0.058. The study shows that the development of the digital economy, by promoting the technological innovation of the enterprise and the efficiency of resource allocation, significantly improves the the level of financial structure.
